v3.26.1
Discontinued Operations and Disposal Groups (Tables)
 6 Months Ended
Jun. 30, 2026
Discontinued Operations and Disposal Groups [Abstract]  
Disposal Groups, Including Discontinued Operations The tables below set forth the assets and liabilities related to discontinued operations as of December 31, 2025, and results of operations related to discontinued operations for the three and six months ended June 30, 2026 and 2025. See note 11 to the Company's condensed consolidated financial statements for information regarding its reportable segment.
December 31, 2025
ASSETS
Current assets:
Receivables, net$324 
Other current assets(a)
110 
Total current assets
434 
Property and equipment(b)
9,766 
Other intangible assets, net(b)
1,706 
Operating lease right-of-use assets and other assets, net(b)
326 
Valuation allowance for assets held for sale(1,507)
Total assets
$10,725 
LIABILITIES
Current liabilities:
Accounts payable
$156 
Deferred revenues
355 
Operating lease liabilities and other accrued liabilities
242 
Current maturities of debt and other obligations
9 
Total current liabilities
762 
Debt and other long-term obligations20 
Operating lease liabilities
168 
Deferred revenue and other long-term liabilities
1,364 
Total liabilities
$2,314 


Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Net revenues
$192 $536 $756 $1,068 
Operating expenses(b)
116 256 404 705 
Income (loss) from discontinued operations before income taxes
76 280 352 363 
Benefit (provision) for income taxes
(1)(2)(2)(3)
Income (loss) from discontinued operations before gain (loss) from disposal, net of tax
$75 $278 $350 $360 
(a)As of December 31, 2025, inclusive of $34 million, in cash and cash equivalents and restricted cash and cash equivalents.
(b)Following the classification of the Fiber Business as "held for sale", the Company ceased depreciation and amortization of long-lived assets included in discontinued operations. For the six months ended June 30, 2025, the Company recorded $204 million of depreciation and amortization expense associated with the Fiber Business.